The BRIICs and inequality: income inequality trends in major emerging markets and their implications

• Authors: Fabisiak Jan , Prokurat Sergiusz

Title variants

PL

Nierówności w krajach BRIIC: trendy w nierównościach dochodowych na głównych rynkach wschodzących i ich konsekwencje

• Languages of publication: EN

Abstracts

EN

This paper seeks to study the trends in income inequalities in the BRIIC countries. The first section of this paper investigates the evolution of the understanding of income inequalities, moving on to their classification, measurement and proposed impact on growth. The following section examines the nature of the BRIIC countries, their commonalities, future perspectives on the world stage and, most importantly to this paper, their income inequality dynamics. The last section concludes with a cross-country comparison

PL

Artykuł bada trendy kształtowania się nierówności dochodowych w krajach BRIIC. Pierwsza część opisuje ewolucję pojmowania nierówności dochodowych, przechodząc do ich klasyfikacji, metod pomiaru i wpływu na wzrost gospodarczy. Kolejna część definiuje kraje BRIIC, ich cechy wspólne, ich przyszłe perspektywy w globalnym układzie sił, oraz, co najważniejsze z punktu widzenia tego artykułu, zmiany w ich nierównościach dochodowych. Ostatnia część podsumowuje debatę, przeprowadzając porównania między poszczególnymi krajami.

Keywords

EN

income inequalities; BRIIC countries; economic growth

• Publisher: Uniwersytet Rzeszowski. Wydawnictwo Uniwersytetu Rzeszowskiego
• Journal: Nierówności społeczne a wzrost gospodarczy
• Year: 2012
• Volume: 26
• Pages: 122-135

Contributors

author

Fabisiak Jan

• Centrum Studiów Polska-Azja

author

Prokurat Sergiusz

• Centrum Studiów Polska-Azja

References

• Alesina A. and Perotti R., 1996, Income Distribution, Political Instability, and Investment, „European Economic Review”, no 6.
• Alesina A. and Rodrik D., 1994, Distributive Politics and Economic Growth, „Quarterly Journal of Economics”, no 2.
• Alesina A., Ozler S., Roubini N. and Swagel P., 1996, Political Instability and Economic Growth, „Journal of Economic Growth”, no 2.
• Barro R.J. and Sala-i-Martin X., 1995, Economic growth, McGraw Hill, New York
• Becker G.S., 2011, How Can Inequality Be Good?, „Hoover Digest”, no 3.
• Bhalla S.S., 1997, Freedom and economic growth: a virtuous cycle?, [in:] Democracy's victory and crisis, Hadenius A. (ed.), Cambridge University Press, Cambridge.
• Bourguignon F. and Morrisson C., 2002, Inequality Among World Citizens: 1820–1992, „American Economic Review”, no 4.
• Bourguignon F., Fournier M. and Gurgand M., 2001, Fast Development with a Stable Income Distribution: Taiwan, 1979–1994, „Review of Income and Wealth”, no 2.
• Boyce J.K., 2007, Is Inequality Bad for the Environment?, Political Economy Research Institute, University of Massachusetts Amherst Working Paper No 135.
• Cairncross F., 1997, The Death of Distance: How Communications revolution will Change our Lives, Orion Business Books, London
• Champernowne D.G. and Cowell F.A., 1998, Economic inequality and income distribution, Cambridge University Press, Cambridge and New York.
• Davies J.B., Shorrocks A., Sandstrom S. and Wolff E.N., 1972, The World Distribution of Household Wealth, Center for Global, International and Regional Studies, Working Paper Series 397311.
• Dollar D. and Kraay A., 2002, Growth is Good for the Poor, „ Journal of Economic Growth”, no 3.
• Facchini F., 2008, Inequalities and growth: Are there good and bad inequalities?, Université Paris1 Panthéon-Sorbonne Working Paper No hal-00270483.
• Frangos A., Goldman’s Jim O’Neill on China’s Slowdown, ‘BRIC’ lobbying,
• http://blogs.wsj.com/exchange/2011/05/12/goldmans-jim-o%E2%80%99neill-onchinas-slowdown-bric-lobbying/ (Accessed 26.08.2011).
• Friedman, T., 2007, The World is Flat: A Brief History of the Twenty-First Century, 3rd edition, Picador, New York
• Fukuyama F., The End of History?, "The National Interest”, No. 16 (Summer, 1989).
• Gastwirth J.L., 1972, The Estimation of the Lorenz Curve and Gini Index, „The Review of Economics and Statistics”, no 3.
• Goldman Sachs, 2007, BRICs and Beyond, Goldman Sachs, New York.
• Goody J., 2006, Kapitalizm i nowoczesność, Wydawnictwo Akademickie DIALOG, Warszawa.
• Hall P., Soskice D., 2001, Varieties of Capitalism: The Institutional Foundations of Comparative Advantage, Oxford University Press, Oxford.
• Kaldor N., 1960, Essays on value and distribution, Free Press, Glencoe, Ill.
• Kalecki M., 1971, Selected essays on the dynamics of the capitalist economy, Cambridge University Press, Cambridge.
• Krueger A., 2002, Inequality, Too Much of a Good Thing, Princeton University and NBER CEPS Working Paper No. 87.
• Li H. and Zou H.F., 1998, Income Inequality Is Not Harmful for Growth: Theory and Evidence, „ Review of Development Economics”, no 3.
• Milanovic B., 2010, The Haves and the Have-Nots, Basic Books.
• Narveson J. and Sterba J., 2010, Are Liberty and Equality Compatible?, Cambridge University Press, Cambridge.
• Newfarmer R., 2008, The Next Wave of Globalization: the Role of the BRIICS, OECD, Paris.
• Nolke A. and Vliegenthart A., 2009, Enlarging the Varieties of Capitalism: The Emergence of Dependent Market Economies in East Central Europe, „World Politics”, No. 4.
• Nolke A., 2010, A “BRIC”-variety of capitalism and social inequality: The case of Brazil, Revista de Estudos e Pesquisas sobre as Américas, No 1.
• O’Brien R., 1992, Global Financial Integration: The End of Geography, Council on Foreign Relations Press, New York
• O’Neill J., 2001, Building Better Global Economic BRICs, Goldman Sachs Global Economics Paper No 66.
• OECD, 2007, Globalisation, Jobs and Wage, OECD, Paris.
• OECD, 2008, Globalisation and Emerging Economies: Brazil, Russia, India, Indonesia, China and South Africa, OECD, Paris.
• Perotti R., 1993, Political Equilibrium, Income Distribution, and Growth, „Review of Economic Studies”, no 4.
• Pipes R., 2000, Własność a wolność, MUZA, Warszawa.
• Ravallion M., 2007, Economic Growth and Poverty Reduction: Do Poor Countries Need to Worry about Inequality?, International Food Policy Research Institute, Washington D.C.
• Ravallion M., 2009, A comparative perspective on poverty reduction in Brazil, China and India, “Policy Research Working Paper Series”, no. 5080, The World Bank.
• Reyes J., García M. and Lattimore R., The BRIICS and Changes in Global Trade Architecture, http://www.oecd.org/dataoecd/6/40/40426423.pdf (Accessed 26.08.2011).
• Rodríguez F., 2000, Inequality, Economic Growth and Economic Performance, The World Bank, Washington D.C
• Rowley C.K. (ed.) and Schneider F. (ed.), 2004, The Encyclopedia of Public Choice, 2nd ed., Springer, Berlin.
• Saez E., 2006, Income and Wealth Concentration in a Historical and International Perspective, [in:] Public Policy and the Income Distribution, Auerbach A.J. (ed.), Russell Sage Foundation, New York.
• Schuman M., 2011a, Should BRICs Become BRIICs?, http://curiouscapitalist. blogs.time.com/2010/03/03/should-brics-become-briics/ (Accessed 26.08.2011).
• Schuman M., 2011b, Do the BRICS believe in free markets?, http://curiouscapitalist. blogs.time.com/2011/04/14/do-the-brics-believe-in-free-markets/ (Accessed 26.08.2011).
• Soubbotina T.P., 2004, Beyond Economic Growth, 2nd ed., World Bank Institute, Washington D.C.
• The World Bank and the International Finance Corporation, 2010, Doing Business Report 2011: Making a Difference for Entrepreneurs, The World Bank, Washington D.C.
• Wilson D. and Stupnytska A., 2007, The N-11: More Than an Acronym, Goldman Sachs Global Economics Paper No 153.